On Tuesday, in a joint statement British electric van and bus maker Arrival stated, they will collaborate to develop an electric car for Uber Technologies Inc, which will go into production in late 2023. Uber and Arrival will also explore a strategic partnership in key markets, including the United States, EU and the United Kingdom/…
In a statement Apple Inc said, it has hired Samy Bengio, a former distinguished Google scientist who left the search engine giant following a turmoil in its artificial intelligence research department. Bengio is now set to lead a new AI research unit at Apple under John Giannandrea, senior vice president of machine learning and AI strategy,…
In a statement the chairman of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) told U.S. broadcaster CBS that it expects to catch up with the “minimum requirement” for auto chips by customers by the end of June. Automakers are hard-pressed for auto chips and have shut assembly lines due to their shortage. Taiwan, home to a booming…
On Monday, cryptocurrency Ethereum hit a record high of $3,017 extending last week’s rally which came in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network. The price of Ether rose by 2% on the Bitstamp exchange to hit this milestone. It…
Companies in the so called gig economy including Uber, Lyft, Doordash and Instacart are trying to retain the status of their drivers as contractors – with some additional benefits as compensation, given the realization that the new administration in the United States under Joe Biden are insisting on reclassification of the workers in the ride-hail…
The strong demand of the flagship Galaxy S21 smartphones and other models propelled the South Korean technology giant Samsung Electronics to report its bets quarterly profits for the latest completed quarter since 2018. The company also reported a 46.3 per cent growth in the net profits for the quarter compared to the same quarter a…
The new and changed strategy of the Finnish telecom network equipment maker Nokia saw good growth in sales of network and 5G equipment which allowed the company to report better than expected revenues and profits for the first quarter. With telecom operators starting to roll out 5G networks and with the Chinese telecom giant Huawei…
While reporting estimate beating sales and profits for its fiscal second quarter driven by 5G iPhone upgrades, iApple Inc also issued a warning of possible hit of several billion dollars to sale of iPads and Mac because of the global chip shortage. Apple noted almost doubling of sales in China in the quarter and its…
While issuing a caution about the possibility of a slowdown in the growth in usage and ad sales during the pandemic with roll out of vaccines and with people resuming in-person activities, Google parent Alphabet Inc reported record profits for the second straight quarter as well as a share buyback program worth $50 billion. Analysts’…
There was some scepticism among investors about the one-off benefits that were included in the quarterly results and about the high hopes after a year-long rally resulting in a drop in Microsoft’s shares despite the company easily beating quarterly sales and profit expectations of analysts. The Redmond, Washington company has become one of the most…
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